The Canadian dollar strengthened against the greenback on Tuesday, and yields on benchmark government debt fell.
It was trading 0% higher at C$1.4007 against the US dollar, or 71.39 US cents, after swinging from 1.3976 to 1.4036.
The Canadian government’s yield fell 3.1 basis points to 3.247%. The yield on similar benchmark U.S. government debt fell to 4.3413%.
U.S. December crude futures fell 19 cents to $68.97 a barrel on Tuesday.
Canada’s annual inflation rate rose to 2% in October, up from 1.6% in September, according to Statistics Canada. Analysts polled by Reuters expected an annual rate of 1.9%.
